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High Tech Series B Founded 2015

NovuMind

NovuMind is an AI hardware technology company that builds tensor chips and supercomputing modules for training and running AI algorithms. Its three products are called NovuStar (supercomputer for running multiple GPUs - up to 1024 - simultaneously for training AI models quickly), NovuTensor (an embedded chip that NovuMind claims is 10x more power-efficient and 10x more powerful than other ASICs) and NovuBrain (a…

📍 Santa Clara, United States · AI Infrastructure,

Funding snapshot

Last roundSeries B
Amount$15M
Date1 December 2016
Total raised$15M
Team size9

About

NovuMind is an AI hardware technology company that builds tensor chips and supercomputing modules for training and running AI algorithms. Its three products are called NovuStar (supercomputer for running multiple GPUs - up to 1024 - simultaneously for training AI models quickly), NovuTensor (an embedded chip that NovuMind claims is 10x more power-efficient and 10x more powerful than other ASICs) and NovuBrain (a plug-and-play ASIC and deep learning model combination for standard applications). T Founded in 2015, headquartered in Santa Clara, United States. The company has raised $15.2M at the Series B stage backed by investors including GeekFounders, Zhen Fund, Aplus Capital, PowerCloud Venture Capital, Inno Angel Fund. Operating in High Tech > AI Infrastructure, Native AI > AI Infrastructure.

Business model

Cognitive Computing > Devices > Chips,

Edge Computing > Edge AI Processors > AI Accelerators,

AI Infrastructure > Enabling Technologies > Hardware > Processors,

Embedded Systems > Embedded Hardware > Core Processors > Application Specific Processors > AI Accelerator,

Digital ICs > Microprocessors > Media Processor > Graphic Processing Unit

Institutional investors

GeekFounders Zhen Fund Aplus Capital PowerCloud Venture Capital Inno Angel Fund

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